Requirements for Insurance; National Credit Union Share Insurance Fund Equity Distributions; Correction, 14741 [2018-07068]

Download as PDF Federal Register / Vol. 83, No. 67 / Friday, April 6, 2018 / Rules and Regulations Subpart F—Grade Requirements Dated: March 30, 2018. Bruce Summers, Acting Administrator, Agricultural Marketing Service. [FR Doc. 2018–06882 Filed 4–5–18; 8:45 am] BILLING CODE 3410–02–P By the National Credit Union Administration Board on April 2, 2018. Gerard Poliquin, Secretary of the Board. For the reasons discussed above, the Board amends 12 CFR part 741 as follows: PART 741—REQUIREMENTS FOR INSURANCE 1. The authority citation for part 741 continues to read as follows: ■ NATIONAL CREDIT UNION ADMINISTRATION Authority: 12 U.S.C. 1757, 1766(a), 1781– 1790, and 1790d; 31 U.S.C. 3717. 12 CFR Part 741 2. Amend § 741.4 in paragraph (b), by revising the definition of ‘‘equity ratio’’ to read as follows: ■ RIN 3133–AE77 Requirements for Insurance; National Credit Union Share Insurance Fund Equity Distributions; Correction * National Credit Union Administration (NCUA). AGENCY: Final rule; correcting amendment. ACTION: On February 23, 2018, the NCUA Board (Board) published a final rule adopting amendments to its share insurance requirements rule to provide stakeholders with greater transparency regarding the calculation of each eligible financial institution’s pro rata share of a declared equity distribution from the National Credit Union Share Insurance Fund (NCUSIF). A clerical error appeared that resulted in an incorrect amendatory instruction. This document corrects that error. SUMMARY: This correction is effective April 6, 2018. DATES: FOR FURTHER INFORMATION CONTACT: Benjamin M. Litchfield, Staff Attorney, Office of General Counsel, the National Credit Union Administration, at 1775 Duke Street, Alexandria, Virginia 22314–3428, or by telephone at (703) 518–6540. On February 23, 2018, at 83 FR 7954, the Board published a final rule adopting amendments to 12 CFR part 741. Amendatory instruction 2.a.iv. called for revising the definition of ‘‘equity ratio’’ in § 741.4. However, the final rule did not set out regulatory text for the revised definition of ‘‘equity ratio.’’ This was an inadvertent drafting error. This document corrects that error by amending the final rule to supply a revised definition for ‘‘equity ratio.’’ daltland on DSKBBV9HB2PROD with RULES SUPPLEMENTARY INFORMATION: List of Subjects in 12 CFR Part 741 Bank deposit insurance, Credit unions, Reporting and recordkeeping requirements. VerDate Sep<11>2014 20:57 Apr 05, 2018 Jkt 244001 § 741.4 Insurance premium and one percent deposit. * * * * (b) * * * * * * * * Equity ratio means the ratio of: (i) The amount determined by subtracting— (A) Direct liabilities of the NCUSIF and contingent liabilities for which no provision for losses has been made from (B) The sum of all one percent deposits made by federally insured credit unions pursuant to paragraph (c) of this section and the retained earnings balance of the NCUSIF, to (ii) The aggregate amount of insured shares in all federally insured credit unions. * * * * * [FR Doc. 2018–07068 Filed 4–5–18; 8:45 am] BILLING CODE 7535–01–P DEPARTMENT OF TRANSPORTATION Federal Aviation Administration 14 CFR Part 39 [Docket No. FAA–2017–0668; Product Identifier 2017–NE–17–AD; Amendment 39– 19236; AD 2018–07–05] RIN 2120–AA64 Airworthiness Directives; General Electric Company Turbofan Engines Federal Aviation Administration (FAA), DOT. ACTION: Final rule. AGENCY: We are adopting a new airworthiness directive (AD) for all General Electric Company (GE) CF6– 80A, –80A1, –80A2, and –80A3 turbofan engines. This AD was prompted by high cycle fatigue (HCF) cracking of the low-pressure turbine (LPT) stage 3 nozzles. This AD requires SUMMARY: PO 00000 Frm 00009 Fmt 4700 Sfmt 4700 14741 replacement of the LPT stage 3 nozzles, part numbers (P/Ns) 9290M52P05 and 9290M52P06, installed. We are issuing this AD to address the unsafe condition on these products. DATES: This AD is effective May 11, 2018. For service information identified in this final rule, contact General Electric Company, GE-Aviation, Room 285, 1 Neumann Way, Cincinnati, OH 45215, phone: 513–552–3272; fax: 513–552–3329; email: geae.aoc@ge.com. You may view this service information at the FAA, Engine and Propeller Standards Branch, 1200 District Avenue, Burlington, MA 01803. For information on the availability of this material at the FAA, call 781–238–7759. It is also available on the internet at http://www.regulations.gov by searching for and locating Docket No. FAA–2017– 0668. ADDRESSES: Examining the AD Docket You may examine the AD docket on the internet at http:// www.regulations.gov by searching for and locating Docket No. FAA–2017– 0668; or in person at Docket Operations between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays. The AD docket contains this final rule, the regulatory evaluation, any comments received, and other information. The address for Docket Operations (phone: 800–647–5527) is Docket Operations, U.S. Department of Transportation, Docket Operations, M–30, West Building Ground Floor, Room W12–140, 1200 New Jersey Avenue SE, Washington, DC 20590. FOR FURTHER INFORMATION CONTACT: Herman Mak, Aerospace Engineer, ECO Branch, FAA, 1200 District Avenue, Burlington, MA 01803; phone: 781– 238–7147; fax: 781–238–7199; email: herman.mak@faa.gov. SUPPLEMENTARY INFORMATION: Discussion We issued a notice of proposed rulemaking (NPRM) to amend 14 CFR part 39 by adding an AD that would apply to all GE CF6–80A, –80A1, –80A2, and –80A3 turbofan engines. The NPRM published in the Federal Register on September 12, 2017 (82 FR 42752) and an NPRM correction published on September 21, 2017 (82 FR 44127). The NPRM was prompted by an LPT uncontainment on a GE CF6–80A2 engine. An investigation determined the uncontainment was the result of HCF cracking of the LPT stage 3 nozzles. The NPRM proposed to require replacement of the LPT stage 3 nozzles. We are E:\FR\FM\06APR1.SGM 06APR1

Agencies

[Federal Register Volume 83, Number 67 (Friday, April 6, 2018)]
[Rules and Regulations]
[Page 14741]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-07068]


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NATIONAL CREDIT UNION ADMINISTRATION

12 CFR Part 741

RIN 3133-AE77


Requirements for Insurance; National Credit Union Share Insurance 
Fund Equity Distributions; Correction

AGENCY: National Credit Union Administration (NCUA).

ACTION: Final rule; correcting amendment.

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SUMMARY: On February 23, 2018, the NCUA Board (Board) published a final 
rule adopting amendments to its share insurance requirements rule to 
provide stakeholders with greater transparency regarding the 
calculation of each eligible financial institution's pro rata share of 
a declared equity distribution from the National Credit Union Share 
Insurance Fund (NCUSIF). A clerical error appeared that resulted in an 
incorrect amendatory instruction. This document corrects that error.

DATES: This correction is effective April 6, 2018.

FOR FURTHER INFORMATION CONTACT: Benjamin M. Litchfield, Staff 
Attorney, Office of General Counsel, the National Credit Union 
Administration, at 1775 Duke Street, Alexandria, Virginia 22314-3428, 
or by telephone at (703) 518-6540.

SUPPLEMENTARY INFORMATION: On February 23, 2018, at 83 FR 7954, the 
Board published a final rule adopting amendments to 12 CFR part 741. 
Amendatory instruction 2.a.iv. called for revising the definition of 
``equity ratio'' in Sec.  741.4. However, the final rule did not set 
out regulatory text for the revised definition of ``equity ratio.'' 
This was an inadvertent drafting error. This document corrects that 
error by amending the final rule to supply a revised definition for 
``equity ratio.''

List of Subjects in 12 CFR Part 741

    Bank deposit insurance, Credit unions, Reporting and recordkeeping 
requirements.

    By the National Credit Union Administration Board on April 2, 
2018.
 Gerard Poliquin,
 Secretary of the Board.
    For the reasons discussed above, the Board amends 12 CFR part 741 
as follows:

PART 741--REQUIREMENTS FOR INSURANCE

0
1. The authority citation for part 741 continues to read as follows:

    Authority:  12 U.S.C. 1757, 1766(a), 1781-1790, and 1790d; 31 
U.S.C. 3717.



0
2. Amend Sec.  741.4 in paragraph (b), by revising the definition of 
``equity ratio'' to read as follows:


Sec.  741.4  Insurance premium and one percent deposit.

* * * * *
    (b) * * *
* * * * *
    Equity ratio means the ratio of:
    (i) The amount determined by subtracting--
    (A) Direct liabilities of the NCUSIF and contingent liabilities for 
which no provision for losses has been made from
    (B) The sum of all one percent deposits made by federally insured 
credit unions pursuant to paragraph (c) of this section and the 
retained earnings balance of the NCUSIF, to
    (ii) The aggregate amount of insured shares in all federally 
insured credit unions.
* * * * *
[FR Doc. 2018-07068 Filed 4-5-18; 8:45 am]
 BILLING CODE 7535-01-P